River & Mercantile Asset Management LLP reduced its holdings in shares of Transocean LTD (NYSE:RIG) by 56.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 429,849 shares of the offshore drilling services provider’s stock after selling 568,050 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Transocean were worth $4,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in Transocean by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,298 shares of the offshore drilling services provider’s stock valued at $406,000 after purchasing an additional 226 shares during the period. Thrivent Financial For Lutherans boosted its stake in Transocean by 2.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,840 shares of the offshore drilling services provider’s stock valued at $122,000 after purchasing an additional 350 shares during the period. Stifel Financial Corp boosted its stake in Transocean by 0.5% in the 2nd quarter. Stifel Financial Corp now owns 81,518 shares of the offshore drilling services provider’s stock valued at $664,000 after purchasing an additional 410 shares during the period. WFG Advisors LP boosted its stake in Transocean by 60.3% in the 2nd quarter. WFG Advisors LP now owns 14,194 shares of the offshore drilling services provider’s stock valued at $117,000 after purchasing an additional 5,338 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Transocean by 22.6% in the 3rd quarter. Private Advisor Group LLC now owns 29,899 shares of the offshore drilling services provider’s stock valued at $314,000 after purchasing an additional 5,513 shares during the period. Institutional investors own 74.78% of the company’s stock.

Transocean LTD (RIG) opened at $9.51 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 2.13 and a debt-to-equity ratio of 0.51. Transocean LTD has a fifty-two week low of $7.20 and a fifty-two week high of $14.33. The company has a market capitalization of $4,288.52, a price-to-earnings ratio of 11.70 and a beta of 1.55.

Several analysts recently issued reports on RIG shares. ValuEngine downgraded Transocean from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research downgraded Transocean from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. initiated coverage on Transocean in a research report on Thursday, October 19th. They set a “hold” rating and a $12.00 target price for the company. Cowen set a $8.00 target price on Transocean and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $7.35 target price on shares of Transocean in a research report on Sunday, October 22nd. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.11.

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Transocean Profile

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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